Hello, I've seen the guidance notes here
www.ilounge.com
But I'm not sure what applies to my circumstance..
My iTunes library (I have not upgraded to Apple music) is organised on a folder on an external drive. I want to transfer this to a new NAS - so the functionality is exactly the same - the current folder location is /Volumes/LaCie/Music/iTunes and I just want to point this to a folder on the NAS.
Do I follow
Performing the Move
To actually perform the move, start by going into your iTunes Advanced Preferences, and changing the iTunes Media folder path to whatever new location you want your iTunes media files to be stored in. This will usually be an external hard drive, but it can be any valid path, including a secondary hard drive or even a network share:
Then
You will be presented with a dialog box with the option to consolidate files or reorganize them. Select “Consolidate files” and click OK.
iTunes will begin the process of copying the files into their proper locations and updating these locations in the iTunes library database. Note that this process copies the tracks to the new location rather than moving them.
So the file conslidation will change the references, but how about the playlists etc?
So do I go down this route
To do this, shut down iTunes, and copy your “iTunes” folder (under your “Music” or “My Music” folder) to the new location. Keep in mind that you may still have media content located in an “iTunes Media” sub-folder and you probably don’t want to waste time copying this content over if you’ve already consolidated it to another location, so you may want to exclude that one sub-folder.
Under Moving the Library Database
My plan was to move everything to its new location as it works well with everything on the external HDD
Guidance really appreciated as I'm a bit confused

Transferring your iTunes Library
For most users, iTunes does a great job of handling all of the details of managing your media library for you, allowing you to manage your content through ...

But I'm not sure what applies to my circumstance..
My iTunes library (I have not upgraded to Apple music) is organised on a folder on an external drive. I want to transfer this to a new NAS - so the functionality is exactly the same - the current folder location is /Volumes/LaCie/Music/iTunes and I just want to point this to a folder on the NAS.
Do I follow
Performing the Move
To actually perform the move, start by going into your iTunes Advanced Preferences, and changing the iTunes Media folder path to whatever new location you want your iTunes media files to be stored in. This will usually be an external hard drive, but it can be any valid path, including a secondary hard drive or even a network share:
Then
You will be presented with a dialog box with the option to consolidate files or reorganize them. Select “Consolidate files” and click OK.

iTunes will begin the process of copying the files into their proper locations and updating these locations in the iTunes library database. Note that this process copies the tracks to the new location rather than moving them.
So the file conslidation will change the references, but how about the playlists etc?
So do I go down this route
To do this, shut down iTunes, and copy your “iTunes” folder (under your “Music” or “My Music” folder) to the new location. Keep in mind that you may still have media content located in an “iTunes Media” sub-folder and you probably don’t want to waste time copying this content over if you’ve already consolidated it to another location, so you may want to exclude that one sub-folder.
Under Moving the Library Database
My plan was to move everything to its new location as it works well with everything on the external HDD
Guidance really appreciated as I'm a bit confused